In brief: Greece makes payments to creditors

July 20, 2015Updated: July 20, 2015 11:21pm

Greece repaid about $7.4 billion to creditors, as depositors queued at reopened banks in the first signs of normality after last week's bailout deal.

The European Central Bank and the International Monetary Fund both confirmed receipt of money owed, and a Greek Finance Ministry official said earlier that the country ordered payments to both those institutions and its central bank.

Repaying the ECB was one bill Greece couldn't afford to miss because a default would probably have forced the central bank to pull support from Greek lenders, all but ensuring the exit from the currency union.

While banks reopened Monday, Greek financial markets will be closed at least through Wednesday, two officials said.

Train in oil spill was going under speed limit

BILLINGS, Mont. - A train that derailed and spilled 35,000 gallons of oil in northeastern Montana was traveling within authorized speed limits, federal officials said Monday as they continued to probe the accident's cause.

NEW YORK - Subway chief marketing officer Tony Pace is leaving the company to start a marketing consultancy.

The news comes nearly two weeks after the home of longtime Subway pitchman Jared Fogle was raided by federal and state authorities. Pace said in a phone interview Monday his departure is unrelated to that matter and that he had been talking with the company about the move for "a while." Subway declined to comment beyond confirming that Pace is leaving.

Ferrari issues recall over air bag defects

Add Italian luxury car maker Ferrari to the list of automakers affected by the Takata air bag failure.

Ferrari has issued a recall for about 2,600 cars, all of them model year 2015 vehicles. The recall affects some of Ferrari's 458 Italia, 458 Speciale, California T, FF, F12berlinetta and LaFerrari cars.

The Seattle-based coffee chain, which has been rolling out alcohol sales in select locations across the country, has several pending applications with the Texas Alcoholic Beverage Commission, the Austin American-Statesman reported.

Beer and wine service is already up and running in other cities, including Chicago, Los Angeles and Seattle.

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